June 27, 2019
The Alaska State Legislature adjourned last week, but before adjourning, the most significant accomplishment was the agreement to transfer $10.5 billion from the Earnings Reserve Account (ERA) to the Corpus of the Permanent Fund. For the majority of legislators, including Senator Stedman and myself, it is a top priority to protect and enhance opportunities for the Permanent Fund to grow so that there will continue to be PFDs for Alaskans well into the future.
The Permanent Fund is comprised of the Corpus (also known as the Principal) and the ERA. The Corpus is non-spendable principal port...